NETHERLANDS - SPF Beheer, the e10bn Dutch Railway pension fund, is to join the Enhanced Analytics Initiative (EAI) as a full member.
In joining the EAI consortium, SPF Beheer is committing to allocate a minimum of 5% of its annual broker commissions to those research houses that best analyse these issues.
The fund is the fourth new member to join EAI since March 2005.
The EAI was founded by asset owners and institutional investors to incentivise research houses to create better research of the material extra-financial and intangible issues that can impact on a company or sector's future performance.
Philippe Lespinard, chairman of EAI and CIO of BNP Paribas Asset Management, said: “The basic principle underpinning the initiative is that greater independent analysis of these neglected aspects of corporate performance will place investors in a better position to make more informed investment decisions.
“With commitments from leading fund managers such as SPF Beheer, the combined assets of the EAI consortium increasingly represent significant pressure for positive change.”
Established in 1996 as an independent organisation for the administration of the Spoorwegpensioenfonds (Railway Pension Fund), SPF Beheer is one of the ten largest managers of pension funds in the Netherlands.
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